US EditionWise’s Planned Move to US Listing Draws Ire From Co-Founder
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Wise’s Planned Move to US Listing Draws Ire From Co-Founder
Wise’s decision to shift its primary listing from London to America is drawing criticism. [contact-form-7] As Bloomberg News reported Wednesday (July 23), both proxy advisory firm Glass Lewis & Co. and Wise Co-founder Taavet Hinrikus have come out against the move. According to the report, Glass Lewis is still in support of Wise’s idea, but has concerns that an upcoming vote on the plan also requires shareholders to OK an extension of t…
Wise, the Estonian remittance giant founded in London, is preparing for change - in 2021 the company, listed on the London Stock Exchange, intends to switch to a dual listing model and move its primary listing to New York. The serious changes have caused tension among the company's founders - one of them complains that the complex offer hides the intention to extend the validity of preferred shares.
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